Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.

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JPMorgan Chase CEO Welcomes A Higher Tax Rate On The Rich

Jamie Dimon, CEO of JPMorgan Chase, told NBC’s ‘Meet The Press’ that he would have no problem paying a higher tax rate.

During his appearance, the billionaire, who earned $20 million last year, said, “If you said to me, ‘Would you pay 10% more?’ I would have no problem with that.”

Currently, the maximum tax rate in the United States is 39.6%, that’s down from a one-time high of 91% for the top 1% of income earners.

Democrat Bernie Sanders has made it a major part of his platform to talk about the average CEO who “now makes nearly 300 times more than the average worker.”

While Dimon supported the Democrats and specifically Hillary Clinton in the past, this time around he says, “I am not going to get involved in politics at this point.” While adding that he is “still a Democrat.”

While Dimon thinks the rich should be taxed at a higher rate, he says that money needs to be appropriately spent on roads, education, and other pressing needs.

When asked about shutting down the government at the end of the month he said, “A government shutdown is just bad management.”